JitendraKumar
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MUMBAI: IndiaCast Media Distribution and Disney UTV have decided to end their joint venture even as the deadline to comply with the Telecom Regulatory Authority of India’s (TRAI) content aggregator regulation approaches.
IndiaCast UTV was a 74:26 JV with IndiaCast as the majority partner. The structure of Indiacast Media, a joint venture (JV) between TV18 and Viacom18, will stand. TV18 Broadcast holds 50 per cent stake in Viacom18, the company which operates channels such as Colors, MTV, Nick and Vh1.
“We will be dissolving our step-down JV with Disney UTV. But we will be the agent for distributing the Disney UTV channels,” IndiaCast Media Distribution Group CEO Anuj Gandhi told TelevisionPost.com.
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IndiaCast UTV was a 74:26 JV with IndiaCast as the majority partner. The structure of Indiacast Media, a joint venture (JV) between TV18 and Viacom18, will stand. TV18 Broadcast holds 50 per cent stake in Viacom18, the company which operates channels such as Colors, MTV, Nick and Vh1.
“We will be dissolving our step-down JV with Disney UTV. But we will be the agent for distributing the Disney UTV channels,” IndiaCast Media Distribution Group CEO Anuj Gandhi told TelevisionPost.com.
Read More